Kaman subsidiary acquires Industrial Supply Corporation
Kaman Industrial Technologies Corporation recently completed its acquisition of Richmond, VA-based Industrial Supply Corporation
Kaman Corporation recently announced that its subsidiary, Kaman Industrial Technologies Corporation , completed its acquisition of Industrial Supply Corporation of Richmond, VA, on March 31. ISC is now a wholly owned subsidiary of KIT.
Founded in 1933, ISC is a distributor of power transmission, fluid power, material handling and industrial MRO supply products to the machinery, electronics, pharmaceutical, rubber, chemicals and food processing markets, among others. In addition to its Richmond facility, ISC has branches located in Norfolk, Roanoke and Waynesboro, VA, and in Wilson and High Point, NC. It has annual sales of approximately $55 million.
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Annual Salary Survey
After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.